November 4, 2016/FBNQuest Research Modest cuts to our EPS forecasts and price target Following Fidelity Bank’s (Fidelity) Q3 2016 results which showed that PBT was broadly in line with our estimate, we have made modest cuts to our 2016-17E earnings forecasts. Our price target is unchanged at N0.9. Although the […]
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LafargeHolcim Reports Sustained earnings growth in third quarter
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – World’s building materials and cement producers, LafargeHolcim said on Friday it sustained its earnings growth in the third quarter (Q3) 2016 which was driven by pricing strategy, synergies and disciplined cost management. The financial highlights made available by the company shows that its […]
Fidelity Bank Q3’16 Earnings Presentation: The key takeaways
Culled—Proshare 3/11/2016/Research The microeconomic challenges that influenced business outlook in 2015 financial are largely unresolved in 2016 as bearish macroeconomic indicators had shown. Nigerian Banks are still facing headwinds within a tougher operating environment. The recessionary environment, shortage of FX, technical devaluation of currency and floating of Naira, increase in […]
